Hong Kong Stocks Rally; H-Shares Down for Fourth Day

        0821 GMT [Dow Jones] Hong Kong Internet and telecoms stocks offset losses for shares tied to the deteriorating Chinese real-estate sector. "While we are seeing a recovery in equities there hasn't been any real change in sentiment and this suggests there is some bargain hunting at play here," IG says. The Hang Seng Index is up 0.6% at 22834.68. The Hang Seng China Enterprises Index is down 0.3% at 9884.22 with stocks in the property, construction and materials sectors leading declines. "The latest data makes the case why the policymakers can no longer afford to stay silent given the sharp turnaround in home-buyer sentiment and, therefore, escalating risk that the sector ends up in a downward spiral," Reorient Group says. (gregor.hunter@wsj.com; Twitter: @gregorhunter)
        (END) Dow Jones Newswires

        May 20, 2014 04:21 ET (08:21 GMT)